“Shippers shouldn’t let down their guards, just yet” – a phrase that could be true of any mode right now, but in this instance it refers to air freight. Bruce Chan, analyst for Stifel, warned shippers rates would remain inflated in air cargo, owing to “significant backlogs … in the entire freight...
The dearth of air freight capacity has led to an increasing number of offers for freighters that either do not exist, or are parked in the desert not ready to fly. Charter brokers claim scams became prevalent during the PPE rush, as governments and inexperienced bookers urgently sought capacity. “Regretfully, it’s becoming more...
